Efficiency Rather Than Fairness Wins For AI Decision-Making

Efficiency Rather Than Fairness Wins For AI Decision-Making

algoriAlgorithms are playing a bigger role in decisions that shape people’s lives, from pretrial release to bank loans. Critics argue that relying on algorithms locks in bias and sacrifices fairness. But when faced with a choice, people seem to value efficiency over fairness. In a study from UC Berkeley, 9,000 Americans were asked to choose between decision-makers for two tough calls: whether to grant bail and whether to approve a loan. Options …